SMM: High-Grade NPI Prices Rise to 1,077.5 Yuan/mtu, Market Sentiment Improves

Published: Feb 26, 2026 18:39

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[SMM Nickel Flash] On February 26, SMM reported that the average price of 10-12% high-grade NPI was 1,077.5 yuan/mtu (ex-factory, tax included), up 7.5 yuan/mtu MoM from the previous trading day. The market sentiment factor for high-grade NPI was 2.00, up 0.03 MoM, the upstream sentiment factor was 2.82, up 0.08 MoM, and the downstream sentiment factor was 1.19, flat MoM.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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